While the CLRP framework presents itself an progressive endeavor to introduce flexibility and efficiency into the insolvency regime, its current form contains several flaws that go to the root of the matter, compromising its efficacy.

India needs to go beyond symbolism and emulate other successful examples, such as France, by developing clear standards, strong adjudicatory bodies, and making the right realizable to all workers.

The new amendment brings changes that are certainly going to be effective for the IBC. However, we must also not overlook the on-ground problems that might be created due to the changes in the code.